Search For "reserve bank"
India's forex reserves dip $5 bln amid depreciating rupee
Updated : 3 years, 8 months ago IST
New Delhi [India], July 9 (ANI) India's foreign exchange reserves declined by $5 billion to $588.314 billion during the week that ended on July 1, the Reserve Bank of India's weekly data showed.
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RBI imposes Rs 5.72 crore monetary penalty on Federal Bank Limited
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 5.72 crore on Federal Bank Limited for non-compliance with the central bank's direction related to the delivery of financial services.
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RBI imposes monetary penalty on Bank of India
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 70 lakh on the Bank of India for violation of Know Your Customer (KYC) related regulations.
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RBI should internationalise Indian currency rupee, says SBI Research
Updated : 3 years, 8 months ago IST
New Delhi [India], July 8 (ANI): The Reserve Bank of India (RBI) should make a conscious effort to internationalise the Indian currency rupee amid disruptions in payments caused by the ongoing Russia-Ukraine war, said SBI Research in a report on Thursday.
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RBI selects Hansa Research Group to conduct field work for inflation expec
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has decided to engage Mumbai-based Hansa Research Group to conduct field work for the July 2022 round of consumer confidence and inflation expectation surveys.
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RBI announces measures to boost forex inflows, rupee slide
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): The Reserve Bank of India (RBI) on Wednesday announced a slew of measures to boost foreign exchange (forex) inflows amid slump in the value of rupees.
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Widening trade deficit pushes India to disincentivize gold imports
Updated : 3 years, 8 months ago IST
New Delhi [India], July 6 (ANI): India is experiencing a widening trade deficit, this essentially means that it is buying more goods and services than it is shipping out. India's trade deficit widened to a record $25.63 billion in June 2022, whereas it stood at $70.25 billion during April-Ju
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What is Monetary Policy Committee, and what is its function?
Updated : 3 years, 8 months ago IST
New Delhi [India], July 5 (ANI): The MPC, or the Monetary Policy Committee under the Reserve Bank of India is a six-member body that is mandated to determine the policy interest rates required to achieve the inflation target, while keeping in mind the objective of economic growth.
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RBI imposes monetary penalty on IndusInd Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1 crore on IndusInd Bank for non-compliance with certain directions related to Know Your Customer (KYC).
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RBI imposes monetary penalty on Kotak Mahindra Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed over Rs 1 crore monetary penalty on Kotak Mahindra Bank Limited for non-compliance with certain directions related to customer protection.
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RBI launches survey on International Trade in Banking Services
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has launched the 2021-22 round of its survey on International Trade in Banking Services (ITBS).
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EXPLAINED: Why central banks, including the RBI, raising lending rates agg
Updated : 3 years, 8 months ago IST
New Delhi [India], July 4 (ANI): Countries across the world have been grappling with unprecedented levels of inflation. In the US, the inflation rate has increased by an unparalleled amount of 8.6 per cent in May 2022, reaching a forty-year high.
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